Nasdaq-Powered EU Exchange Reveals Crypto Trading Pairs, Tokenized Stocks

[ZionRTZ]

Nasdaq-powered DX Exchange announced the platform’s launch and available trading pairs in a series of tweets Jan. 6.

The digital trading platform uses Nasdaq’s Financial Information Exchange (FIX) protocol. As Cointelegraph previously reported, users of the exchange will be able to trade tokenize stocks in various major global companies.

Another tweet on Jan. 6 announced that tokenized stocks of Amazon, Baidu, Apple, Facebook, Google, Intel, Microsoft, Netflix, Nvidia and Tesla will be available to trade on the platform.

The exchange also announced support for various crypto to crypto and crypto to fiat pairs. Namely, the company revealed that Ripple (XRP) will be available to trade against Bitcoin (BTC), Ethereum (ETH), euro, yen, and U.S. dollars while Litecoin (LTC) will be available to trade against BTC, ETH, and USD. Cardano (ADA) trading will also be supported on the exchange against ETH, USD, yen and BTC.

The Estonia-based platform is currently only launching in the European Union, promising to make trading available to U.S. customers in 2019, according to a tweet from DX’s co-founder and CEO yesterday.

As Cointelegraph reported in December, another new cryptocurrency exchange ErisX raised $27.5 million from Nasdaq Ventures and Fidelity, among others.

In November, news broke that Nasdaq and U.S.-based investment firm VanEck have announced a partnership to jointly launch a series of “transparent, regulated and surveilled” digital asset products.


SOURCE: https://cointelegraph.com/news/nasdaq-powered-eu-exchange-reveals-crypto-trading-pairs-tokenized-stocks